According to Vietnam Social Insurance, this is a new point of the Social Insurance Law, demonstrating the concern of the Party and State for social security policies, aiming to expand the coverage of social security in the spirit of Resolution No. 28 of the 12th Central Executive Committee.
Business owners having to pay compulsory social insurance is an important step in the roadmap to expand social security coverage in Vietnam, but at the same time, it also raises many questions and concerns for individual business owners.
In addition, the implementation of new regulations has also attracted much attention.
That is the reason why Lao Dong Newspaper organized an online seminar "business owners and obligations to participate in compulsory social insurance from July 1, 2025", to answer the questions of readers and business owners surrounding this issue.
The seminar will take place on the morning of June 5, with the participation of 2 guests:
- Mr. Nguyen Hong Cuong - Deputy Head of the Department of Revenue Management and Participant Development, Vietnam Social Security,
- Mr. Nguyen Cong Dinh - Deputy Director of Social Insurance Region I.
Regarding the compulsory social insurance contribution rate for individual business owners: According to Point a, b, Clause 4, Article 33, the rate of compulsory social insurance contribution is 3% to the sickness and maternity fund, 22% to the pension and death fund.
Regarding the base, according to Point d, Clause 1, Article 31 of the Law on Social Insurance 2024, the owner of the business household is selected as a salary as a basis for compulsory social insurance premium but the lowest is equal to the reference level and the highest is 20 times the reference level at the time of payment.
Therefore, the monthly contribution rate for business owners participating in social insurance is 25% of their salary. Homeowners can choose to pay monthly, 3-month or 6-month depending on their needs.
Regarding the reference level, Clause 13, Article 141 of the Law on Social Insurance 2024 stipulates: When the base salary has not been abolished, the reference level specified in this Law is equal to the base salary. At the time the base salary was abolished, the reference level was not lower than that base salary.
Currently, the basic salary is 2,340,000 VND/month. Therefore, the lowest social insurance contribution rate for business owners is 25% x 2,340.00 = 585,000 VND/month.
